Westdrum Energy Ltd. has engaged Energy Advisors Group to assist with the sale of the shares of this Alberta-based private corporation. The company, with no debt and a clean balance sheet, maintains over 35,000 contiguous net acres across Central Alberta, and is focused on shallow gas development in / near Rumsey and Trochu Fields.
Approximately 160 wells, all operated by Westdrum (with >90% WI), produce
3.8 MMcf/d (largely CBM) and 40 bbl/d primarily from the Edmonton & Belly River reservoirs. For the three months ending November 2022, this low-risk, long-life asset is cash flowing C$300,000/Mn.
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Offers are due on Wednesday, March 15, 2023
For more information contact Steve Henrich at 403-294-1906,
email shenrich@energyadvisors.com or visit our website at www.energyadvisors.com/deals.
